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of it followed bill clinton's 1993 tax increase. now, mitt romney has just spent two years telling us that tax cuts are all you need to stimulate the economy. is that wrong? >> absolutely wrong. supply side economics is bunk. we have seen historically not only when bill clinton raised taxes the economy did very well. george w. bush in 2001, 2003, cut taxes and the economy did very badly and then ultimately went really over a cliff in 2008. or more evidence for the first three decades after the second world war in the united states, the top tax rate never fell below 70% under dwight d. eisenhower, president eisenhower -- >> and yet professor, we have heard paul ryan, the so-called budget policy wonk of the house, repeatedly tell us that what we need to do is cut taxes and the economy does great. >> well, that's just simply not true. we had an election. most of the americans obviously did not believe that nonsense, and it is absolutely nonsense. there's no correlation at all between tax rates on the very top and the economy doing worse or for that matter doing much better. but here we have a hug
. >> in 1997 after bill clinton got re-elected but before lewinsky, the republicans tried to do the same thing on chinese fund-raising. remember that? they spent the better part of a year trying to turn this into a huge scandal. there is a little more to that one than there is to this. this is just exploiting a tragedy for political purposes. >> and here is the great irony. john mccain, who seems like he's the big whistle-blower, going after susan rice yesterday. compare what he said about susan rice yesterday with what he said about another foreign policy expert, in this case condoleezza rice, back in 2005. here is mccain on susan rice. take a listen. >> susan rice should have known better, and if she didn't know better, she's not qualified. she should have known better. i will do everything in my power to block her from being the united states secretary of state. >> okay. mortal sin, deal breaker, end of her career because john mccain said she had gotten the wrong brief and delivered the wrong brief. however, mccain had a very different reaction back in 2005 when condoleezza rice was nominat
cliff. martha: doug schoen, former pollster to president bill clinton. monica crowley, radio talk show host. both are fox news contributors and what i'm hearing through both of those quotes we're pretty much where we were the last time that the president and john boehner got together. that republicans are going to refuse to go along with any tax increases until, really because they want to see it done slightly different way which we can get into. the president says, that he won't budge either, monica. >> yes. what goes around and comes around and here we are exactly the same spot, martha, as you just said. there are two sacred principle at play for the republicans not raising taxes and cutting spending. focus seems to be because president and democrats do have control over this narrative only thing that seems to be at the conversation here, what we're talking about is, the tax issue, revenue versus rates. but i also think that the republicans really need to focus on cutting spending. that is the other part of this equation that is, just as important if not more important, martha becaus
in and won a historic election and after that, the next six years, bill clinton moved to the middle unlike barack obama who is still in left field. that when we had newt gingrich and balanced the budget about the late 1990's, and we cut the capital gains tax and the economy really did boom. you've got to do two things, you've got to cut the-- >> we've got to leave it there. just because of an accident. smart kid. [ voice of dennis ] indeed. are you in good hands? we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. v
with prudent spending cuts that show fiscal responsibility. you know, don't forget bill crystal said last week on fox that when taxes were raised in the reagan administration, he didn't say when taxes were raised in the clinton administration. the economy took off. so i think leaders -- >> it's possible. it's definitely possible. >> talk about the spirit of compromise that he had mentioned. what does the president get here out of this in if he gets business leaders on board to get republicans to deal? if he gets them on board, will it force republicans to deal? >> we've seen repeatedly the republicans are seen on their own planetary orbit. if you get wealthy americans to say to them that you have to cut a deal, i think what is really important here is you need to show fiscal responsibility. there's 1 trillion to $2 trillion of gas sitting on the sidelines. and they want to be invested in this country, in growing businesses, in building new equipment. >> does this show us therefore we might be seeing what you just described? release some of the 1.2 trillion dlarz? >> if we can show fiscal respo
Search Results 0 to 9 of about 10 (some duplicates have been removed)